The AI armageddon will pass over Nvidia’s billionaire CEO, claims Nvidia’s billionaire CEO. Jensen Huang doesn’t forecast a future where AI really replaces anyone, after all.
"As we speak, AI has no possibility of doing what we do," he said at Nvidia's October AI Summit, reported Business Insider. Throwing out some numbers, Huang claimed AI can do 20% to 50% of one’s job 1,000 times better—depending on your role.
But Huang isn’t shifting in his seat, or his fancy leather jacket. Responding to questions regarding whether AI could take his gig, he said “absolutely not.” He differs from some other CEOs in this arena, as 49% of executives surveyed by edX believed “most” or all of their jobs should be replaced by AI.
Either way, though, AI is not likely to fully invade, from Huang’s point of view. “In no job can they do all of it,” he said of the innovation. His view of the latest wave of tech is not all that different from the pablum many of us hear daily. It goes along the lines of: AI won’t replace your job, but someone who knows AI will. Everyone from a Harvard Business professor to Netflix's CEO has said it—seemingly all getting the same handout.
Now Huang is joining in. The real threat is that "the person who uses AI to automate that 20% is going to take your job," he said. He added that he imagines a future where AI is integrated into a human’s role, operating as “assistants” that help us become more productive.
Indeed, it simply doesn’t make sense for bots to replace humans in many cases. Only 23% of workers' compensation as “‘exposed’ to AI computer vision” would be cost-effectively replaced by AI systems, according to researchers from MIT’s Computer Science and Artificial Intelligence Laboratory. In other words, it’s not even cheaper for AI to invade.
“What we’re seeing is that while there is a lot of potential for AI to replace tasks, it’s not going to happen immediately,” Neil Thompson, one of the authors of said paper, told CNN, saying that amid all the headlines about robots taking jobs, “it’s really important to think about the economics of actually implementing these systems.”
Right now, though, AI is a little underbaked if the goal is to push out workers, much less be of any real help to them. Some innovations or chatbot systems held up by AI are plagued by hallucinations and bugs.
"All of our AI systems today are thinking fast, we haven't brought reasoning into AI," Intel CEO Pat Gelsinger said at the World Economic Forum in Davos in 2024. "Today our systems hallucinate, tomorrow if we're going to use them broadly, they have to be right,” he added.
